Is Bonk Safe? What Our Security Scan of Bonk Found
Introduction to Bonk
Bonk (Bonk) is currently drawing attention, and as part of our ongoing efforts to provide insights into trending tokens, we ran it through our RugShield security scanner to assess its on-chain security.
What the scan found
The scan found that Bonk has a trust score of 80, with a corresponding trust grade of AA, and a scam probability of 20%. The honeypot signal was false, indicating no honeypot trap detected. There are no taxes on buying or selling, with both buy and sell tax percentages at 0. Additionally, the contract is not mintable and not freezable, with ownership renounced, which means the developers have given up control of the contract. The contract source code is verified, which is a positive sign. The liquidity is $5,036, with 0% of tracked liquidity locked. Bonk has 16,780 holders, with the top 10 holders controlling 24.7% of the supply.
What this means for you
Considering these findings, the low liquidity depth of $5,036 and the fact that only 0% of tracked liquidity is locked are risk factors. However, the presence of no mint function, a verified contract source code, reasonable holder distribution, and a large number of holders are positive signals. These factors should be taken into account when evaluating the security and potential risks associated with Bonk.
Conclusion
This analysis is based on automated on-chain analysis and should not be considered as financial advice. For the full live scan of Bonk, please visit the scan page. You can also use our free scanner tool at RugShield to scan other tokens and assess their on-chain security.